What is Kaiko? The "decentralized data engine" of the crypto assets market.

In the encrypted world where information equals power, Kaiko has built a decentralized data network covering over 150 exchanges and more than 100,000 trading pairs, opening the door to market transparency for institutions.

In the highly volatile and information-rich cryptocurrency market, obtaining accurate and comprehensive market data in a timely manner is the cornerstone for institutional investors, trading platforms, and researchers to make decisions. Kaiko is a pioneer and leader in this field. Founded in 2014, this pioneering company is dedicated to providing reliable, transparent, and accessible market data infrastructure for Web3 and the cryptocurrency industry through innovative decentralized architecture, becoming a key force driving market maturity.

##What is Kaiko? The "aggregator" of cryptocurrency data

Kaiko's core positioning is as an institutional-grade cryptocurrency market data provider. Unlike many traditional centralized data suppliers, Kaiko has focused on addressing the unique challenges of the crypto market since its inception: data fragmentation, varying source credibility, and lack of transparency. Its mission is to provide standardized, high-fidelity market data streams to global financial institutions, DeFi protocols, Web3 companies, and research institutions, covering a comprehensive range of information from real-time quotes, historical prices to deep order books, trading volumes, derivatives data, and complex indicators (such as volatility index).

After years of development, Kaiko has established its market position:

• Extensive coverage: The data source covers over 150 major cryptocurrency exchanges worldwide, monitoring the activities of more than 100,000 trading pairs.
• Diverse clients: Serving top financial institutions and platforms like Messari and Paxos.
• Capital Recognition: Completed a $24 million Series A funding round in 2021 (led by Anthemis and Underscore), and completed a $53 million Series B funding round in June 2022 (led by Eight Roads, with follow-on investments from Revaia, Alven, etc.)

##Core Innovation: Building a Decentralized Data Foundation

Kaiko's fundamental breakthrough lies in its decentralized data infrastructure concept. This directly addresses the pain points of traditional centralized data providers: single point of failure risks, potential data manipulation or tampering, and centralized control of access rights.

Kaiko's solution is to build a network based on blockchain technology and distributed ledger systems:

• Node Network: Data collection, processing, and distribution are carried out collectively by a network of nodes operated by diverse stakeholders (not a single entity) distributed around the globe.
• Consensus and Verification: Utilize consensus algorithms to ensure the consistency and accuracy of data collected from different exchanges.
• Incentives and Reputation: Design mechanisms to incentivize data contributors and continuously track data quality through a reputation system.
• Transparency and Auditability: The immutability and traceability of blockchain provide transparency for data processing.

This architecture not only enhances the resilience of data but also promotes the democratization of key market information—allowing more participants to access high-quality data in a fair manner.

##Data Landscape: Panorama Coverage and Deep Insights

Kaiko's data products and service system meet the refined needs of users at different levels:

• Real-time market data stream: real-time trading quotes with millisecond latency, supporting high-frequency trading firms and market makers.
• Historical Data Repository: Stores complete and cleaned historical price data for quantitative analysts to conduct backtesting and modeling.
• Depth order book data: Provides a view of depth market liquidity, having accurately captured the "Alameda Gap" after the FTX collapse.
• Index and pricing data: Provides manipulation-resistant reference prices for asset pricing and fund net asset value calculations.
• DeFi Data: Extending to on-chain DEX, lending protocols, and other DeFi areas
• Powerful API: Its Advanced API v2 increases data processing speed by 30% and reduces latency by 25%.

##Value Proposition: Key Applications Driving Industry Development

Kaiko's data permeates multiple core aspects of the cryptocurrency industry:

• Institutional Trading and Investment: Providing real-time data infrastructure for hedge funds and asset management companies
• Risk Management and Compliance: Assisting financial institutions in calculating risk indicators (such as VaR) to meet regulatory requirements like MiFID II.
• Exchange and Fintech Platform: Providing market benchmarks and internal monitoring for CEX
• Research and Analysis: The in-depth reports released by the Kaiko Research team (such as the "Defining the Crypto Space in 202X with 10 Charts" series) have become industry benchmarks, analyzing key events such as Bitcoin surpassing $107,000 in 2024 and BlackRock's spot BTC ETF outpacing Grayscale.
• Regulation and Policy Making: Providing regulators with an objective view of the market

##Summary: The Cornerstone of the Era of Data Transparency

In the process of moving from the margins to the mainstream in the Web3 and cryptocurrency industry, reliable data infrastructure is as indispensable as water and electricity. Kaiko has established itself as a standard setter in the cryptocurrency market data field with its decentralized innovative architecture, unparalleled data coverage in breadth and depth, and institutional-focused professional services.

As more traditional financial institutions enter the crypto space and global regulatory frameworks (such as the EU MiCA) are implemented, the demand for high-quality data will grow exponentially. The "decentralized data foundation" built by Kaiko is paving the way for a more mature and institutionalized crypto future.

Author: Blog Team *This content does not constitute any offer, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of services from restricted regions. Please read the user agreement for more information, link: